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Showing 361 - 370 of 750 results for "Senate 67"

Industry welcomes grandfathering deal

LAURA MILLAN  |  WEDNESDAY, 26 NOV 2014
The financial services industry has welcomed the parliamentary agreement between the Coalition and Labor to fix the unintended consequences of scrapping grandfathering from the Future of Financial Advice (FoFA) legislation. The Financial Planning Association ...

Advisers confronted with harsh reality of whistleblowing

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
Blowing the whistle on rogues within any financial services organisation is hard, stressful and takes a toll on the whistleblower's life, but it is worth it because it makes a difference, former Commonwealth Bank adviser and whistleblower Jeff Morris ...

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
Financial advisers must fully comply with Labor's original Future of Financial Advice (FoFA) laws from today, after the Senate voted to disallow the government's amendments last night. The reversion to the original legislation took effect as soon as ...

Cormann to keep up the FoFA fight

ALICE URIBE  |  THURSDAY, 20 NOV 2014
The government will continue with its quest to push through amendments to the Future of Financial Advice (FoFA) reforms despite last night's crushing defeat in the Senate. Finance Minister Mathias Cormann told ABC Radio this morning that the government ...

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
The financial services industry responded with ire after the Future of Financial Advice (FoFA) laws were demolished in the Senate overnight. Labor, the Greens and four crossbenchers, including Palmer United Party's Jacqui Lambie, argued the Coalition's ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
A Senate alliance between Labor, the Greens and three crossbench Senators has pushed for a motion to disallow the Coalition's proposed changes to the Future of Financial Advice (FoFA) legislation in a move that could put the industry immediately into ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

Higher adviser education standards boost CFP demand

LAURA MILLAN  |  MONDAY, 10 NOV 2014
The demand for the Certified Financial Planner (CFP) certification program has increased by 100%, following the big institutions' initiative to increase the minimum education standards for financial advisers. The Financial Planning Association (FPA) ...

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
First Super will vote against the re-election of two Commonwealth Bank (CBA) board members who served during the bank's financial advice scandal. The fund will use its vote at the forthcoming CBA annual general meeting on November 12 and will oppose ...

Market Wrap AM

AAP  |  THURSDAY, 6 NOV 2014
The Australian market looks set to open higher after the Dow Jones Industrial Average reached a record high following the Republican win in the US midterm elections. At 0910 AEST on Thursday, the December share price index futures contract was up 14 ...